Matthew Piepenburg: Debt and War - The Signs of a Dying Empire

[cozy]

Matthew Piepenburg: Debt and War - The Signs of a Dying Empire

"The slow end to the American dollar as the currency for the world."

First thought: I've heard similar stuff from Bitcoiners for the last 5 years. (Check out any episode of “What Bitcoin Did” with Lyn Alden, for example) I don’t agree with all of it, obviously, as we’ve chatted about a lot of this stuff before. BUT, I agree with some of the arguments about financial censorship and international markets, for sure. So, let me posit a question:

Second thought, I haven’t listened every second of the podcast, so correct me if I’m wrong, but it looks like this is a gold bug podcast. If so, this reminds me of Peter Schiff, another gold bug/gold ETF pusher. He makes his paycheck by promoting gold ETFs to retail markets. There’s absolutely nothing wrong with that, but it’s worth knowing when considering investment. What sort of solutions to the problems described are offered by the podcast? What sorts of solutions aren't offered or suggested? Is it possible, or even desirable, to save the USD from its predicted impending doom? Why or why not?

RE: USD hegemony-> If commodities (eg oil producers) are looking to sell contracts outside of the petrodollar system, why is the USD in demand more than ever around the whole world (even in markets like China)? Why is the dollar so strong right now? Is it irrational?

Likewise, today Powell announced a 50bps rate hike, the biggest in two decades. And the stock market is pumping. Is that, then, irrational (an inefficient market) by Piepenburg’s argument? What would have been a better decision if it is seen as irrational?

Going off the answers for the above, if you had to put your money where your mouth is, where would you put it? My thesis is that money is not predictive, it's causal--so where would you put your money to cause change? The JPY? Gold? Bitcoin? Stocks? ETFs? Index Funds? Bonds? Physically delivered board game futures contracts?

[Skull]

Yeah, I realise everyone has their agendas and angles when they make these things. I wasn't really focusing on the investment side of it, more the relationship in the current situation between, debt, war, energy, geopolitics, sanctions, alliances, the future shape of the balance of power etc., which of course is heavily influenced by trade, currencies, finances in general. But all good points you raise. On the money side of it I don't have any answers. After taking a look at financial investments etc I decided I don't have any natural enthusiasm for it (or acumen, lol), so I'm putting my energy into my writing instead, a different kind of investment

[Skull]

PS I haven't watched it all either, only really the first half properly.

[snoopy]

Seems there was a summary below the video itself...
Talking Points From This Episode 
- Why empires end in debt and wars. 
- The problems with economic sanctions. 
- Gold's role in wealth protection and why their is no perfect solutions.

First of all some observations of mine...
1. Whoever writes the video info section made grammatical errors such as: "there are" no solutions, not "their is" no solutions.
2. That sort of answers Cody's question of " What sort of solutions to the problems described are offered by the podcast?" , there are none.
3. Cody is focused on the personal implications and Richard is focused on the geopolitical implications. I think the podcast is mostly concerned with the personal implications and personal wealth protection due to instabilities in global currencies.
4. Fidel has zero expertise in this topic, only to say that he occasionally gets lucky and buys dollars before the dollar skyrockets. LOL.

But I wonder more about the stability of Russia. Their currency is literally shit. They have only one real ally and most of the rest of the world won't buy Russian stuff for the foreseeable future. If you were to ask me 'Which country has the better outlook for the future, Russia or the U.S.?' I couldn't really make a good case for Russia.